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  #3440 (permalink)  
Old 07-17-2008, 10:09 AM
bazanster2 bazanster2 is offline
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BG,

Big Swing and a miss yesterday.
On lower oil prices and a good report from Wells Fargo.
Weīve seen this scenario before.
High inflation numbers posted, offset by lower oil prices due to a jump in inventories(ie. less demand).
Which traders view as meaning lower future inflation.
Eventually there will be a realization that lower oil demand means lower earnings.
Then Market will head down.

Itīs going to be difficult to forecast this Market under these conditions.
Hurray, oil, thus inflation are going down. The Marketīs UP.
Oh no, that means less earnings. The Market Down.

Yesterday is a good expample why itīs hard to guess the direction prior to the Bell.
One just doesnīt know what kind of news may affect the Market during the course of the day.

Drunkguy,

Good call. Well done. Keep it rolling.

Three components of the Dow Jones industrial average -- Coca-Cola Co.,
JPMorgan Chase & Co. and United Technologies Corp. -- issued comments that generally
indicated that their businesses are holding up despite sometimes difficult economic conditions.


JP Morgan profits fall 53% on loan losses.
Coco-Cola 2Q profits fell 23%
Continental lost 2 million for the 2nd Quarter (compared to +228 mil. 2ndQ ī07)

Economic Reports:

Housing Starts
Intial Claims
Philadelphia Fed.

Housing Starts slowest in 17 years, by changes in New York Code help.

Going with UP on Thursday,

gl,

baz
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  #3441 (permalink)  
Old 07-17-2008, 10:28 AM
Bostongambler Bostongambler is offline
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UP on Thurs.
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  #3442 (permalink)  
Old 07-17-2008, 10:40 AM
Bostongambler Bostongambler is offline
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+90 ten minutes in.
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  #3443 (permalink)  
Old 07-17-2008, 10:40 AM
Bostongambler Bostongambler is offline
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Fannie & Freddie up 21%.
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  #3444 (permalink)  
Old 07-17-2008, 11:51 AM
Bostongambler Bostongambler is offline
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Oil +1.64
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  #3445 (permalink)  
Old 07-17-2008, 11:51 AM
Bostongambler Bostongambler is offline
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Dow only up 12.40 right now.
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  #3446 (permalink)  
Old 07-17-2008, 12:07 PM
Bostongambler Bostongambler is offline
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-4.56
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  #3447 (permalink)  
Old 07-17-2008, 03:37 PM
Bostongambler Bostongambler is offline
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Oil down 5 and change so Dow is up.
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  #3448 (permalink)  
Old 07-17-2008, 03:38 PM
Bostongambler Bostongambler is offline
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+160
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  #3449 (permalink)  
Old 07-17-2008, 07:41 PM
Bostongambler Bostongambler is offline
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+207
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  #3450 (permalink)  
Old 07-17-2008, 07:41 PM
Bostongambler Bostongambler is offline
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Down on Friday.
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  #3451 (permalink)  
Old 07-18-2008, 09:43 AM
bazanster2 bazanster2 is offline
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BG,

Citigroup Inc. posts 2.5 Billion dollar lost, but thatīs good news
because itwas less than expected.
Market should continue to rally.
Welcome to Wall Street.

Going with UP on Friday,

No Economic Reports today.

Have a great weekend,

gl,
baz
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  #3452 (permalink)  
Old 07-18-2008, 05:28 PM
Bostongambler Bostongambler is offline
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Good call Baz.

+49.91
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  #3453 (permalink)  
Old 07-20-2008, 11:13 PM
Bostongambler Bostongambler is offline
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Down on Monday.
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  #3454 (permalink)  
Old 07-21-2008, 09:29 AM
bazanster2 bazanster2 is offline
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BG,

I thought that you made the better call.
The Market had been up substantial two das in a row,
and there was a better chance of it going down.
As luck would have it.
Today, only economic report in the Leading Indicators.
Anticipate that the report will be slightly below Market expectations.

Going with DOWN on Monday,

gl,


baz
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  #3455 (permalink)  
Old 07-21-2008, 10:30 AM
Bostongambler Bostongambler is offline
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Dow jumps up 32 pts right after the ring in.
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  #3456 (permalink)  
Old 07-21-2008, 12:16 PM
Bostongambler Bostongambler is offline
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Well BAC (Bank of America) went from 18 and change to over 30 in just a short week.

Nice 60% return.
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  #3457 (permalink)  
Old 07-21-2008, 12:16 PM
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Dow up 7 pts.
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  #3458 (permalink)  
Old 07-21-2008, 12:54 PM
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Down 41 pts. and not even noon.
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